Mortgage Loan of $1,000 for 20 Years at 5.50%
What's the payment on a 20 year home loan for $1k at 5.50% interest?
Results
Monthly payment: $6.88
$83 per year
What's the monthly payment? Use the loan payment schedule below to view payments each month based on a fixed rate $1k loan. It can be used for a house, car, boat, credit card debt consolidation, student loan debt, motorcycle, RV, race horse, exotic pet, business, real estate, etc... Try paying off your loan early or refinancing to save money.
Also remember to consider other home costs like insurance, taxes, PMI, and general maintenance costs.
Loan Table for 1,000 loan for 20 years at 5.50 percent interest
Amortization Table. How much goes to interest? How much to principal? What's the loan balance?
Month | Monthly Payment | Principal Paid | Interest Paid | Mortgage Balance |
---|---|---|---|---|
1 | 6.88 | 2.30 | 4.58 | 997.70 |
2 | 6.88 | 2.31 | 4.57 | 995.40 |
3 | 6.88 | 2.32 | 4.56 | 993.08 |
4 | 6.88 | 2.33 | 4.55 | 990.75 |
5 | 6.88 | 2.34 | 4.54 | 988.42 |
6 | 6.88 | 2.35 | 4.53 | 986.07 |
7 | 6.88 | 2.36 | 4.52 | 983.71 |
8 | 6.88 | 2.37 | 4.51 | 981.34 |
9 | 6.88 | 2.38 | 4.50 | 978.96 |
10 | 6.88 | 2.39 | 4.49 | 976.57 |
11 | 6.88 | 2.40 | 4.48 | 974.16 |
12 | 6.88 | 2.41 | 4.46 | 971.75 |
13 | 6.88 | 2.43 | 4.45 | 969.32 |
14 | 6.88 | 2.44 | 4.44 | 966.89 |
15 | 6.88 | 2.45 | 4.43 | 964.44 |
16 | 6.88 | 2.46 | 4.42 | 961.98 |
17 | 6.88 | 2.47 | 4.41 | 959.51 |
18 | 6.88 | 2.48 | 4.40 | 957.03 |
19 | 6.88 | 2.49 | 4.39 | 954.54 |
20 | 6.88 | 2.50 | 4.37 | 952.03 |
21 | 6.88 | 2.52 | 4.36 | 949.52 |
22 | 6.88 | 2.53 | 4.35 | 946.99 |
23 | 6.88 | 2.54 | 4.34 | 944.45 |
24 | 6.88 | 2.55 | 4.33 | 941.90 |
25 | 6.88 | 2.56 | 4.32 | 939.34 |
26 | 6.88 | 2.57 | 4.31 | 936.77 |
27 | 6.88 | 2.59 | 4.29 | 934.18 |
28 | 6.88 | 2.60 | 4.28 | 931.59 |
29 | 6.88 | 2.61 | 4.27 | 928.98 |
30 | 6.88 | 2.62 | 4.26 | 926.36 |
31 | 6.88 | 2.63 | 4.25 | 923.72 |
32 | 6.88 | 2.65 | 4.23 | 921.08 |
33 | 6.88 | 2.66 | 4.22 | 918.42 |
34 | 6.88 | 2.67 | 4.21 | 915.75 |
35 | 6.88 | 2.68 | 4.20 | 913.07 |
36 | 6.88 | 2.69 | 4.18 | 910.37 |
37 | 6.88 | 2.71 | 4.17 | 907.67 |
38 | 6.88 | 2.72 | 4.16 | 904.95 |
39 | 6.88 | 2.73 | 4.15 | 902.22 |
40 | 6.88 | 2.74 | 4.14 | 899.47 |
41 | 6.88 | 2.76 | 4.12 | 896.72 |
42 | 6.88 | 2.77 | 4.11 | 893.95 |
43 | 6.88 | 2.78 | 4.10 | 891.17 |
44 | 6.88 | 2.79 | 4.08 | 888.37 |
45 | 6.88 | 2.81 | 4.07 | 885.57 |
46 | 6.88 | 2.82 | 4.06 | 882.75 |
47 | 6.88 | 2.83 | 4.05 | 879.91 |
48 | 6.88 | 2.85 | 4.03 | 877.07 |
49 | 6.88 | 2.86 | 4.02 | 874.21 |
50 | 6.88 | 2.87 | 4.01 | 871.34 |
51 | 6.88 | 2.89 | 3.99 | 868.45 |
52 | 6.88 | 2.90 | 3.98 | 865.55 |
53 | 6.88 | 2.91 | 3.97 | 862.64 |
54 | 6.88 | 2.93 | 3.95 | 859.72 |
55 | 6.88 | 2.94 | 3.94 | 856.78 |
56 | 6.88 | 2.95 | 3.93 | 853.83 |
57 | 6.88 | 2.97 | 3.91 | 850.86 |
58 | 6.88 | 2.98 | 3.90 | 847.88 |
59 | 6.88 | 2.99 | 3.89 | 844.89 |
60 | 6.88 | 3.01 | 3.87 | 841.88 |
61 | 6.88 | 3.02 | 3.86 | 838.86 |
62 | 6.88 | 3.03 | 3.84 | 835.83 |
63 | 6.88 | 3.05 | 3.83 | 832.78 |
64 | 6.88 | 3.06 | 3.82 | 829.72 |
65 | 6.88 | 3.08 | 3.80 | 826.64 |
66 | 6.88 | 3.09 | 3.79 | 823.55 |
67 | 6.88 | 3.10 | 3.77 | 820.45 |
68 | 6.88 | 3.12 | 3.76 | 817.33 |
69 | 6.88 | 3.13 | 3.75 | 814.20 |
70 | 6.88 | 3.15 | 3.73 | 811.05 |
71 | 6.88 | 3.16 | 3.72 | 807.89 |
72 | 6.88 | 3.18 | 3.70 | 804.71 |
73 | 6.88 | 3.19 | 3.69 | 801.52 |
74 | 6.88 | 3.21 | 3.67 | 798.31 |
75 | 6.88 | 3.22 | 3.66 | 795.09 |
76 | 6.88 | 3.23 | 3.64 | 791.86 |
77 | 6.88 | 3.25 | 3.63 | 788.61 |
78 | 6.88 | 3.26 | 3.61 | 785.35 |
79 | 6.88 | 3.28 | 3.60 | 782.07 |
80 | 6.88 | 3.29 | 3.58 | 778.77 |
81 | 6.88 | 3.31 | 3.57 | 775.46 |
82 | 6.88 | 3.32 | 3.55 | 772.14 |
83 | 6.88 | 3.34 | 3.54 | 768.80 |
84 | 6.88 | 3.36 | 3.52 | 765.44 |
85 | 6.88 | 3.37 | 3.51 | 762.07 |
86 | 6.88 | 3.39 | 3.49 | 758.69 |
87 | 6.88 | 3.40 | 3.48 | 755.28 |
88 | 6.88 | 3.42 | 3.46 | 751.87 |
89 | 6.88 | 3.43 | 3.45 | 748.43 |
90 | 6.88 | 3.45 | 3.43 | 744.99 |
91 | 6.88 | 3.46 | 3.41 | 741.52 |
92 | 6.88 | 3.48 | 3.40 | 738.04 |
93 | 6.88 | 3.50 | 3.38 | 734.55 |
94 | 6.88 | 3.51 | 3.37 | 731.03 |
95 | 6.88 | 3.53 | 3.35 | 727.51 |
96 | 6.88 | 3.54 | 3.33 | 723.96 |
97 | 6.88 | 3.56 | 3.32 | 720.40 |
98 | 6.88 | 3.58 | 3.30 | 716.82 |
99 | 6.88 | 3.59 | 3.29 | 713.23 |
100 | 6.88 | 3.61 | 3.27 | 709.62 |
101 | 6.88 | 3.63 | 3.25 | 705.99 |
102 | 6.88 | 3.64 | 3.24 | 702.35 |
103 | 6.88 | 3.66 | 3.22 | 698.69 |
104 | 6.88 | 3.68 | 3.20 | 695.01 |
105 | 6.88 | 3.69 | 3.19 | 691.32 |
106 | 6.88 | 3.71 | 3.17 | 687.61 |
107 | 6.88 | 3.73 | 3.15 | 683.88 |
108 | 6.88 | 3.74 | 3.13 | 680.14 |
109 | 6.88 | 3.76 | 3.12 | 676.38 |
110 | 6.88 | 3.78 | 3.10 | 672.60 |
111 | 6.88 | 3.80 | 3.08 | 668.80 |
112 | 6.88 | 3.81 | 3.07 | 664.99 |
113 | 6.88 | 3.83 | 3.05 | 661.16 |
114 | 6.88 | 3.85 | 3.03 | 657.31 |
115 | 6.88 | 3.87 | 3.01 | 653.44 |
116 | 6.88 | 3.88 | 2.99 | 649.56 |
117 | 6.88 | 3.90 | 2.98 | 645.66 |
118 | 6.88 | 3.92 | 2.96 | 641.74 |
119 | 6.88 | 3.94 | 2.94 | 637.80 |
120 | 6.88 | 3.96 | 2.92 | 633.84 |
121 | 6.88 | 3.97 | 2.91 | 629.87 |
122 | 6.88 | 3.99 | 2.89 | 625.88 |
123 | 6.88 | 4.01 | 2.87 | 621.87 |
124 | 6.88 | 4.03 | 2.85 | 617.84 |
125 | 6.88 | 4.05 | 2.83 | 613.79 |
126 | 6.88 | 4.07 | 2.81 | 609.73 |
127 | 6.88 | 4.08 | 2.79 | 605.64 |
128 | 6.88 | 4.10 | 2.78 | 601.54 |
129 | 6.88 | 4.12 | 2.76 | 597.42 |
130 | 6.88 | 4.14 | 2.74 | 593.28 |
131 | 6.88 | 4.16 | 2.72 | 589.12 |
132 | 6.88 | 4.18 | 2.70 | 584.94 |
133 | 6.88 | 4.20 | 2.68 | 580.74 |
134 | 6.88 | 4.22 | 2.66 | 576.52 |
135 | 6.88 | 4.24 | 2.64 | 572.29 |
136 | 6.88 | 4.26 | 2.62 | 568.03 |
137 | 6.88 | 4.28 | 2.60 | 563.76 |
138 | 6.88 | 4.29 | 2.58 | 559.46 |
139 | 6.88 | 4.31 | 2.56 | 555.15 |
140 | 6.88 | 4.33 | 2.54 | 550.81 |
141 | 6.88 | 4.35 | 2.52 | 546.46 |
142 | 6.88 | 4.37 | 2.50 | 542.08 |
143 | 6.88 | 4.39 | 2.48 | 537.69 |
144 | 6.88 | 4.41 | 2.46 | 533.27 |
145 | 6.88 | 4.43 | 2.44 | 528.84 |
146 | 6.88 | 4.46 | 2.42 | 524.38 |
147 | 6.88 | 4.48 | 2.40 | 519.91 |
148 | 6.88 | 4.50 | 2.38 | 515.41 |
149 | 6.88 | 4.52 | 2.36 | 510.90 |
150 | 6.88 | 4.54 | 2.34 | 506.36 |
151 | 6.88 | 4.56 | 2.32 | 501.80 |
152 | 6.88 | 4.58 | 2.30 | 497.22 |
153 | 6.88 | 4.60 | 2.28 | 492.62 |
154 | 6.88 | 4.62 | 2.26 | 488.00 |
155 | 6.88 | 4.64 | 2.24 | 483.36 |
156 | 6.88 | 4.66 | 2.22 | 478.70 |
157 | 6.88 | 4.68 | 2.19 | 474.01 |
158 | 6.88 | 4.71 | 2.17 | 469.30 |
159 | 6.88 | 4.73 | 2.15 | 464.58 |
160 | 6.88 | 4.75 | 2.13 | 459.83 |
161 | 6.88 | 4.77 | 2.11 | 455.06 |
162 | 6.88 | 4.79 | 2.09 | 450.26 |
163 | 6.88 | 4.82 | 2.06 | 445.45 |
164 | 6.88 | 4.84 | 2.04 | 440.61 |
165 | 6.88 | 4.86 | 2.02 | 435.75 |
166 | 6.88 | 4.88 | 2.00 | 430.87 |
167 | 6.88 | 4.90 | 1.97 | 425.96 |
168 | 6.88 | 4.93 | 1.95 | 421.04 |
169 | 6.88 | 4.95 | 1.93 | 416.09 |
170 | 6.88 | 4.97 | 1.91 | 411.12 |
171 | 6.88 | 4.99 | 1.88 | 406.12 |
172 | 6.88 | 5.02 | 1.86 | 401.11 |
173 | 6.88 | 5.04 | 1.84 | 396.06 |
174 | 6.88 | 5.06 | 1.82 | 391.00 |
175 | 6.88 | 5.09 | 1.79 | 385.91 |
176 | 6.88 | 5.11 | 1.77 | 380.80 |
177 | 6.88 | 5.13 | 1.75 | 375.67 |
178 | 6.88 | 5.16 | 1.72 | 370.51 |
179 | 6.88 | 5.18 | 1.70 | 365.33 |
180 | 6.88 | 5.20 | 1.67 | 360.13 |
181 | 6.88 | 5.23 | 1.65 | 354.90 |
182 | 6.88 | 5.25 | 1.63 | 349.65 |
183 | 6.88 | 5.28 | 1.60 | 344.37 |
184 | 6.88 | 5.30 | 1.58 | 339.07 |
185 | 6.88 | 5.32 | 1.55 | 333.75 |
186 | 6.88 | 5.35 | 1.53 | 328.40 |
187 | 6.88 | 5.37 | 1.51 | 323.02 |
188 | 6.88 | 5.40 | 1.48 | 317.63 |
189 | 6.88 | 5.42 | 1.46 | 312.20 |
190 | 6.88 | 5.45 | 1.43 | 306.75 |
191 | 6.88 | 5.47 | 1.41 | 301.28 |
192 | 6.88 | 5.50 | 1.38 | 295.78 |
193 | 6.88 | 5.52 | 1.36 | 290.26 |
194 | 6.88 | 5.55 | 1.33 | 284.71 |
195 | 6.88 | 5.57 | 1.30 | 279.14 |
196 | 6.88 | 5.60 | 1.28 | 273.54 |
197 | 6.88 | 5.63 | 1.25 | 267.91 |
198 | 6.88 | 5.65 | 1.23 | 262.26 |
199 | 6.88 | 5.68 | 1.20 | 256.59 |
200 | 6.88 | 5.70 | 1.18 | 250.88 |
201 | 6.88 | 5.73 | 1.15 | 245.15 |
202 | 6.88 | 5.76 | 1.12 | 239.40 |
203 | 6.88 | 5.78 | 1.10 | 233.62 |
204 | 6.88 | 5.81 | 1.07 | 227.81 |
205 | 6.88 | 5.83 | 1.04 | 221.97 |
206 | 6.88 | 5.86 | 1.02 | 216.11 |
207 | 6.88 | 5.89 | 0.99 | 210.22 |
208 | 6.88 | 5.92 | 0.96 | 204.31 |
209 | 6.88 | 5.94 | 0.94 | 198.37 |
210 | 6.88 | 5.97 | 0.91 | 192.40 |
211 | 6.88 | 6.00 | 0.88 | 186.40 |
212 | 6.88 | 6.02 | 0.85 | 180.37 |
213 | 6.88 | 6.05 | 0.83 | 174.32 |
214 | 6.88 | 6.08 | 0.80 | 168.24 |
215 | 6.88 | 6.11 | 0.77 | 162.13 |
216 | 6.88 | 6.14 | 0.74 | 156.00 |
217 | 6.88 | 6.16 | 0.71 | 149.84 |
218 | 6.88 | 6.19 | 0.69 | 143.64 |
219 | 6.88 | 6.22 | 0.66 | 137.42 |
220 | 6.88 | 6.25 | 0.63 | 131.17 |
221 | 6.88 | 6.28 | 0.60 | 124.90 |
222 | 6.88 | 6.31 | 0.57 | 118.59 |
223 | 6.88 | 6.34 | 0.54 | 112.25 |
224 | 6.88 | 6.36 | 0.51 | 105.89 |
225 | 6.88 | 6.39 | 0.49 | 99.50 |
226 | 6.88 | 6.42 | 0.46 | 93.07 |
227 | 6.88 | 6.45 | 0.43 | 86.62 |
228 | 6.88 | 6.48 | 0.40 | 80.14 |
229 | 6.88 | 6.51 | 0.37 | 73.63 |
230 | 6.88 | 6.54 | 0.34 | 67.09 |
231 | 6.88 | 6.57 | 0.31 | 60.51 |
232 | 6.88 | 6.60 | 0.28 | 53.91 |
233 | 6.88 | 6.63 | 0.25 | 47.28 |
234 | 6.88 | 6.66 | 0.22 | 40.62 |
235 | 6.88 | 6.69 | 0.19 | 33.93 |
236 | 6.88 | 6.72 | 0.16 | 27.20 |
237 | 6.88 | 6.75 | 0.12 | 20.45 |
238 | 6.88 | 6.79 | 0.09 | 13.66 |
239 | 6.88 | 6.82 | 0.06 | 6.85 |
240 | 6.88 | 6.85 | 0.03 | 0.00 |